The Oldest Currency Pair
GBP/USD has one of the longest continuously traded price histories of any financial instrument. The all-time low of approximately 1.0520 (February 1985) and the all-time high of 2.1161 (November 2007) are the primary reference points.
The 1985 to 2007 Bull Cycle
The major bull cycle lasted approximately 22 years and traced a price range of approximately 1.0641 points. This range and the time elapsed are in precise Gann square relationship. The 50% point at approximately 1.5840 has been one of the most important recurring support and resistance levels.
Brexit and Geometric Significance
The Brexit referendum in June 2016 produced a dramatic decline in GBP/USD. The price level at which the decline stopped exhibited precise geometric relationships to prior major highs and lows when viewed through the Square of Nine.
Current GBP/USD Framework
Current analysis focuses on the time elapsed from the September 2022 all-time low near 1.0350, and the price and time clusters building since that significant extreme.
In Cable, over a century of freely quoted price history has produced a geometric record of extraordinary richness. Every major pivot connects to another through Gann’s mathematics.